BUSINESS

Two persons who allegedly conspired and stole an amount of GH¢200,000 from the Consolidated Bank Ghana Limited were on Tuesday put before an Accra Circuit Court. The two, Bobic Kwamena Yeboah and Prince Ababio, were charged on three counts of stealing, and conspiracy. They pleaded not guilty to all the charges and were remanded by the court presided over by ...

The CEO of  Kantanka Group Kwadwo Safo has revealed that sales is picking up for the local firm contrary to views among Ghanaians. He said despite the challenges confronting the firm, they sold more than 120 vehicles last year. “Business is good. Last year was a great year for us. Within just two months last year, we sold 120 vehicles,” ...

Local car producer Kantanka has said it has the capacity to produce 200 vehicles in a month if the demand is available. The claim comes on the back of the news that German car manufacturer VW is to establish an assembling plant in Ghana. The German Chancellor Angela Merkel disclosed the move when she visited the Ghanaian president last week. ...

An Accra Circuit Court has granted bail of ¢700,000.00 with five sureties to a businessman for allegedly stealing ¢620,000.00 from the Frimps Oil Company. Two out of the five sureties should be public officers. Joshua Kofi Abusah also known as Godfred Kofi Debrah is again to make a security deposit of ¢200,000.00. In addition, he is charged for forging documents, ...

Measures introduced by the Social Security and National Insurance Trust (SSNIT) in February 2018 to delete ghost names from the pension payroll have yielded positive results. The trust had, as of August 24, 2018, saved GH¢18.1 million following the deletion of 8,366 ghost names. The amount is currently lodged in a designated account at the Bank of Ghana (BoG). In ...

A circuit court in Accra has sentenced an Accounts Officer to four years imprisonment in hard labour for stealing cash in the sum of ¢109,501 belonging to Cal Bank. This was after the court presided over by Jane Harriet Akweley Quaye had found him guilty on the charge of stealing at the end of the trial. Assan Dickson is said to ...

Staff of the newly-established Consolidated Bank Ghana (CBG) Limited, have been asked to re-apply for their jobs in a new memo. The recruitment exercise, according to the memo commences on Wednesday, 29 August 2018 to Monday September 3. The memo by the Managing Director of the CBG, Daniel Addo, said a link to the recruitment portal would be sent to ...

MP for Bolgatanga Central Isaac Adongo has said a future National Democratic Congress will ensure that justice is done to the bank owners whose banks have been taken over or shut down by the Central Bank unjustifiably. According to him, if any of the owners goes to court and gets a decision in their favour under an NDC administration, their ...

Some savings and loans companies in the country have been hit by panic withdrawals. The development has already made it difficult for these companies to meet customer demands. According to some of the companies, the situation has been compounded by the fact that most of their clients are not paying back their loans on time. Industry Development Some have linked ...

Today on Ghana Rising we are shifting attention from the banking crisis to explore Ghana’s Tax Amnesty Period. The subject is pertinent because the tax Amnesty period which started December 2017 ends August 31. This implies that defaulters have barely a week to meet the deadline. Remember this deadline applies to filing so if you get to the GRA’s offices ...